Driven by Waste Charging Baguio wins new contracts for smart food waste recycling machines for large residential estates
HONG KONG, Jan 25, 2024 - (ACN Newswire) - Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 01397.HK) is pleased to announce that following last year's success in securing a smart recycling machine contract from the Environmental Protection Department ("EPD") of the HKSAR Government ("the Government"), the Group has won new contracts for two large private residential estates for the provision of smart Food Waste Recycling Machines ("Food Waste Recycling Machines") and maintenance services.
- HONG KONG, Jan 25, 2024 - (ACN Newswire) - Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 01397.HK) is pleased to announce that following last year's success in securing a smart recycling machine contract from the Environmental Protection Department ("EPD") of the HKSAR Government ("the Government"), the Group has won new contracts for two large private residential estates for the provision of smart Food Waste Recycling Machines ("Food Waste Recycling Machines") and maintenance services.
- Currently, Hong Kong only recycles about 200 tonnes of food waste per day, lower than the total amount of food waste produced.
- The Government intends to extend the installation of the Food Waste Recycling Machines in all public housing estates in Hong Kong this year.
- With waste charging set to take effect, the Government is proactively offering financial aid for private estates to install Food Waste Recycling Machines through the Recycling Fund and the Environment and Conservation Fund.